Tecnoglass (NYSE:TGLS) Director Buys $47,597.00 in Stock

Key Points

• Director purchase: Tecnoglass director Anne Louise Carricarte bought 1,100 shares on March 6 at $43.27 each for a total of $47,597, a reported move from zero to 1,100 shares (shown as an "∞" increase).
• Quarterly results: The company missed EPS expectations (reported $0.63 vs. $0.84 consensus) on $245.3M revenue, though it still showed a 23.05% ROE and a 16.22% net margin with revenue up 3% year-over-year.
• Market and analyst view: TGLS trades around $42.53 (1-year range $40.09–$90.34) with a $1.90B market cap, a 1.4% dividend yield, and mixed analyst ratings that average to a "Hold" with a $67.50 consensus target.

Tecnoglass Inc. (NYSE:TGLS - Get Free Report) Director Anne Louise Carricarte bought 1,100 shares of the stock in a transaction on Friday, March 6th. The shares were bought at an average price of $43.27 per share, for a total transaction of $47,597.00. Following the completion of the transaction, the director directly owned 1,100 shares of the company's stock, valued at $47,597. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tecnoglass Price Performance

Tecnoglass stock traded up $0.08 during trading hours on Tuesday, hitting $42.53. The stock had a trading volume of 651,573 shares, compared to its average volume of 384,609. Tecnoglass Inc. has a 1-year low of $40.09 and a 1-year high of $90.34. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.53 and a beta of 1.72. The stock's fifty day moving average is $50.27 and its two-hundred day moving average is $56.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.25.

Tecnoglass (NYSE:TGLS - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.21). The business had revenue of $245.30 million during the quarter. Tecnoglass had a return on equity of 23.05% and a net margin of 16.22%.The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, December 31st. Tecnoglass's dividend payout ratio is 17.54%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TGLS. First Horizon Corp purchased a new stake in Tecnoglass in the third quarter valued at approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in shares of Tecnoglass in the 4th quarter valued at $28,000. Arax Advisory Partners grew its stake in shares of Tecnoglass by 128.4% during the 4th quarter. Arax Advisory Partners now owns 596 shares of the company's stock valued at $30,000 after buying an additional 335 shares during the period. Federated Hermes Inc. increased its holdings in shares of Tecnoglass by 290.2% during the 3rd quarter. Federated Hermes Inc. now owns 597 shares of the company's stock worth $40,000 after buying an additional 444 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Tecnoglass by 223.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 637 shares of the company's stock worth $43,000 after buying an additional 440 shares during the period. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TGLS shares. Zacks Research downgraded Tecnoglass from a "hold" rating to a "strong sell" rating in a research report on Monday, March 2nd. DA Davidson decreased their price target on shares of Tecnoglass from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Tecnoglass in a research report on Monday, December 22nd. Finally, B. Riley Financial decreased their target price on shares of Tecnoglass from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Tecnoglass presently has an average rating of "Hold" and a consensus target price of $67.50.

About Tecnoglass

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company's product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.

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